8711 La Salle Street is an 8-unit multifamily investment property located in Cypress, CA. Built in 1986, 8711 La Salle Street offers an attractive mix of two and three-bedroom units and amenities including ample surface parking, private patios and balconies (select units), and on-site laundry. With strong recent market trends, including a 9.2 percent year-over-year increase in 2021 for average effective rents in the Buena Park/Cypress submarket, the property offers a unique value-add opportunity. 8711 La Salle Street is within walking distance of King Elementary School as well as retail centers along Lincoln Avenue, providing residents with convenient access to everyday needs. The property is situated less than 1.5 miles from Cypress College, a major employer and housing driver for the city. Additionally, the property benefits from its close proximity to State Route 91 and Interstate 605, providing residents with convenient access to employment hubs throughout Orange and Los Angeles Counties.
Sold for $4,070,000 on 11/28/22
Listing Provided by:
Tyler Leeson DRE #01451551 949-419-3200,
Marcus & Millichap RE Invest
$4,070,000
8711 La Salle St, Cypress, CA 90630
--beds
--baths
8,456sqft
Multi Family
Built in 1986
-- sqft lot
$-- Zestimate®
$481/sqft
$3,357 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 28, 2022 at 03:43pm
Listing Provided by:
Tyler Leeson DRE #01451551 949-419-3200,
Marcus & Millichap RE Invest
Bought with:
Betsy Hutchinson, DRE #01998246
Coldwell Banker Realty
Source: CRMLS,MLS#: OC22187232
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 8,456
- Total interior livable area: 8,456 sqft
Property
Parking
- Total spaces: 14
- Uncovered spaces: 14
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.35 Acres
- Features: Street Level
Details
- Parcel number: 26232211
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks
Location
- Region: Cypress
HOA & financial
Other financial information
- Total actual rent: 17723
Other
Other facts
- Listing terms: Cash to New Loan,1031 Exchange